Financial Performance - Total revenue increased by 14.53% year-on-year to HKD 604,794,000, with profit reaching HKD 7,628,000, a growth of over 40% compared to HKD 5,392,000 in 2023[8]. - The total contract value obtained by the company in 2024 reached over HKD 640 million, representing a year-on-year growth of approximately 7%[14]. - Revenue for the year increased to HKD 604,794,000, a year-on-year growth of 14.53% from HKD 528,066,000 in 2023[26]. - Gross profit rose to HKD 118,056,000, reflecting a year-on-year increase of 10.91%[26]. - The group recorded an operating profit of HKD 3,784,000 for the year, compared to HKD 1,174,000 in 2023, reflecting a significant improvement in profitability[27]. - Net profit for the year reached HKD 7,628,000, an increase of over 40% from HKD 5,392,000 in 2023[27]. Market and Business Development - The order volume for 2024 exceeded HKD 640,000,000, marking the highest level since 2015[8]. - The mainland China market saw a significant rebound, increasing by 140% compared to 2023, accounting for about 40% of the total order volume in 2024[14]. - Macau remains the largest market, contributing approximately 50% of the total order volume in 2024, despite a decrease in contracts by nearly 50% compared to 2023 due to a lack of new guidelines from the gaming authority[15]. - The gaming industry in Macau is facing challenges due to changes in consumer spending patterns and a decrease in high-spending clientele[9]. - The company achieved a significant increase of over 25% in order volume from the Macau government and other vertical markets in 2024[17]. Dividend and Financial Management - The company plans to pay a final dividend of HKD 0.01 per share, marking the eleventh consecutive year of dividend payments[8]. - The company continues to evaluate new business opportunities, which may affect future dividend payments[86]. - As of December 31, 2024, the company's distributable reserves were HKD 110,642,000, of which HKD 6,161,000 is proposed as the final dividend[156]. Research and Development - The company has established R&D facilities in Shanghai and Jiangxi, along with 24-hour service centers in mainland China[7]. - The company continues to seek the latest technologies for future applications in the IT industry, particularly those currently unfeasible due to infrastructure limitations[7]. - The company is focusing on high-potential leaders in the data network infrastructure and IT solutions sectors to enhance its product and service offerings[18]. Corporate Governance - The company has established a corporate governance policy and defined the responsibilities of the board[67]. - The board of directors held four meetings during the year, indicating active governance and oversight[55]. - The audit committee is responsible for reviewing the company's financial information and overseeing the financial reporting system and internal controls[78]. - The company confirmed that all independent non-executive directors are considered independent according to the GEM Listing Rules[62]. Environmental and Social Responsibility - The company supports responsible disposal of solid waste and encourages donations of surplus materials to charities[99]. - The company recognizes the impact of extreme weather on logistics and has implemented policies to mitigate related risks[109]. - The company focuses on continuous monitoring of regulatory developments to ensure compliance with environmental standards[100]. - Total charitable donations made by the company during the year amounted to HKD 194,000[157]. Employee Management - Employee costs represent the largest component of the group's cost structure, with administrative expenses increasing from HKD 76,727,000 in 2023 to HKD 80,736,000 in 2024, a rise of 5.2%[27]. - The total number of employees remained stable at 149, with 114 in Macau, 12 in Hong Kong, and 23 in mainland China[31]. - Employee turnover rate for the year is 10.77%, with 13.10% for males and 2.94% for females[119]. - The company provides competitive employment benefits to attract and retain talent, including performance bonuses and housing allowances[117]. Compliance and Risk Management - The company adheres to all legal regulations and industry best practices to ensure a safe working environment[120]. - The board has reviewed the effectiveness of the risk management and internal control systems during the year[85]. - The company has implemented a whistleblower policy to encourage reporting of potential abuses or illegal activities without fear of retaliation[129]. Supply Chain Management - The company has a total of 26 major suppliers across various regions, including 6 in Macau, 15 in Hong Kong, and 1 each in mainland China, the rest of Asia, the USA, and Europe[133]. - The number of suppliers with contract amounts exceeding HKD 1,500,000 has been assessed for environmental and social risks annually[135]. - The company actively monitors and reviews its operational key procedures to ensure ethical, quality, safety, and efficiency standards throughout the supply chain[131].

Financial Performance - Total revenue grew to HKD 604,794,000, representing a year-on-year increase of 14.53% from HKD 528,066,000 in 2023[3]. - The profit for the year was HKD 7,628,000, an increase of over 40% from HKD 5,392,000 in 2023[2]. - The operating profit increased to HKD 3,784,000 from HKD 1,174,000 in 2023[3]. - Basic earnings per share attributable to ordinary equity holders of the parent increased to HKD 1.67 cents from HKD 1.06 cents in 2023[3]. - Gross profit rose to HKD 118,056,000, a year-on-year increase of 10.91% from HKD 106,445,000, with a slight decline in gross margin to 19.52% from 20.16%[39]. - The company reported a fiscal year ending December 31, 2024, with a focus on compliance with GEM listing rules[56]. Market Performance - The Macau market accounted for nearly 50% of the 2024 order volume, despite the total contract value from the group being only about 72% of 2023[2]. - The mainland China market grew by 1.4 times, contributing nearly 40% to the 2024 order volume, with two major clients awarding contracts worth over HKD 200 million[2]. - The Hong Kong market, although the smallest among the three operational markets, experienced a significant year-on-year growth of over 30%[25]. - The total number of visitors to Macau surged from 28.2 million in 2023 to 34.9 million in the current year, supporting a healthy recovery in the gaming market[26]. - The gaming revenue increased from HKD 177.47 billion in 2023 to HKD 219.86 billion in the current year, indicating a robust market recovery[26]. Assets and Liabilities - Non-current assets totalled HKD 65,866 million in 2024, down from HKD 69,557 million in 2023, representing a decrease of approximately 3%[5]. - Current assets increased to HKD 390,498 million in 2024 from HKD 367,303 million in 2023, reflecting an increase of about 6.3%[5]. - Total liabilities increased to HKD 244,702 million in 2024, compared to HKD 227,045 million in 2023, marking an increase of approximately 7.8%[5]. - Total equity rose to HKD 210,897 million in 2024 from HKD 209,815 million in 2023, indicating a slight increase of about 0.5%[6]. - Cash and cash equivalents decreased to HKD 39,119 million in 2024 from HKD 50,280 million in 2023, a decline of approximately 22%[5]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.01 per share for the year[2]. - The proposed final dividend for the year is HKD 0.01 per share, marking the eleventh consecutive year of dividend payments[47]. Operational Efficiency - The company has adopted revised Hong Kong Financial Reporting Standards, which did not impact its financial position or performance significantly[9][10]. - The company confirmed that there were no significant changes in the classification of liabilities as current or non-current following the adoption of the revised standards[10]. - The company operates under a multi-brand strategy, enhancing its market positioning and service offerings to meet customer needs[23]. - The company reorganized its technology team into smaller, more agile units to enhance efficiency and prepare for future challenges[29]. Competition and Market Challenges - The company is witnessing increased competition in the gaming sector, leading to a reduction in profit margins and necessitating concessions in payment terms to secure contracts[27]. - The software-defined wide area network (SD-WAN) business in Hong Kong grew nearly 1.8 times year-on-year, despite a decline of over 25% in the data network business[30]. - The software-defined wide area network business in mainland China grew approximately 17% year-on-year, facing significant competition from both international and domestic players[34]. Workforce and Management - The workforce remained stable, with adjustments made to fill vacancies with employees possessing broader skills and experience[41]. - The management believes that providing quarterly updates and real-time information on business developments is sufficient for the board to fulfill its responsibilities[51]. - Two independent non-executive directors did not attend the annual general meeting this year[51]. - The company secretary's detailed guidance is considered adequate for board contributions by one director[51]. Investment and Financial Position - The fair value of the company's investment in TTSA was HKD 30,373,000 as of December 31, 2024, down from HKD 36,380,000 on December 31, 2023, representing 6.66% of the company's total assets[38]. - The company maintained a healthy balance sheet with total contract assets and trade receivables amounting to HKD 255,628,000, against contract liabilities and trade payables of HKD 178,970,000[43]. - The company continues to evaluate new business opportunities while ensuring prudent financial management[47].

Financial Performance - Revenue reached HKD 285,106,000, an increase of 30.60% compared to the same period in 2023[3] - Gross profit increased to HKD 44,890,000, up 17.15% from HKD 38,318,000 in the previous period[3] - The company achieved a net profit of HKD 379,000, a significant improvement from a loss of HKD 10,678,000 in the same period last year[5] - Basic earnings per share for the period were HKD 0.15, compared to a loss of HKD 1.69 per share in the previous period[4] - Total comprehensive income for the period, after tax, was HKD 3,437,000, compared to a loss of HKD 7,970,000 in the same period last year[7] - The adjusted EBITDA for the same period showed a loss of HKD 1,356,000 overall, with a loss of HKD 6,581,000 from Mainland China and a profit of HKD 5,225,000 from Hong Kong and Macau[16] - The operating loss narrowed significantly from HKD 13,329,000 in the first half of 2023 to HKD 3,126,000 in the current period[39] - The group recorded a net profit of HKD 379,000 during the six-month period, achieving a break-even cash flow due to increased revenue and effective cost control measures[39] Contracts and Revenue Sources - New contracts signed during the six-month period amounted to approximately HKD 310,000,000, representing an increase of over 60% compared to the previous period[3] - The total revenue from external customers for the six-month period ending June 30, 2023, was HKD 218,308,000, with contributions of HKD 89,662,000 from Mainland China and HKD 128,646,000 from Hong Kong and Macau[16] - The data center infrastructure accounted for over one-third of the business generated during the six-month period[34] Assets and Liabilities - Non-current assets increased to HKD 71,114,000 from HKD 69,557,000 as of December 31, 2023[8] - Trade receivables decreased to HKD 128,588,000 from HKD 165,752,000[8] - Cash and cash equivalents decreased to HKD 42,800,000 from HKD 50,280,000[8] - The total assets less current liabilities amounted to HKD 207,283,000 as of June 30, 2023, compared to HKD 209,815,000 as of December 31, 2023[9] - The company reported a total equity of HKD 207,091,000 as of June 30, 2023, down from HKD 209,815,000 at the end of the previous year[9] - The total liabilities included trade payables of HKD 128,129,000 and contract liabilities of HKD 53,921,000 as of June 30, 2023[9] - The company’s total assets as of June 30, 2023, were reported at HKD 256,098,000, reflecting a slight decrease from the previous reporting period[9] Cash Flow and Financial Management - The net cash flow from operating activities for the six-month period was a negative HKD 56,636,000, compared to a positive cash flow of HKD 53,585,000 for the previous six-month period[12] - The company’s cash and cash equivalents decreased by HKD 10,014,000 during the six-month period, ending at HKD 40,266,000[12] - The group implemented various cost control measures, resulting in a slight reduction of approximately HKD 700,000 in sales, marketing, and administrative expenses to HKD 47,594,000[39] - The group generated a net foreign exchange gain of HKD 161,000 during the six-month period[47] Dividends and Shareholder Information - The company does not recommend the payment of an interim dividend for the six-month period[3] - The company declared a dividend provision of HKD 6,161,000 for the year-end 2023, impacting the other reserves[11] - As of June 30, 2024, José Manuel dos Santos holds 357,945,500 shares, representing 58.10% of the company's issued share capital[49] Compliance and Governance - The company has adopted the GEM Listing Rules and confirmed that all directors have complied with the relevant trading standards[54] - The company is committed to maintaining compliance with the GEM Listing Rules and relevant regulations[58] - The company has not reported any violations of trading standards by its directors[54] - The company continues to monitor its compliance with the Securities and Futures Ordinance and related regulations[59] - The company has reiterated its commitment to corporate governance as outlined in the GEM Listing Rules[58] Employee and Management Information - The group employed 147 employees, with total employee costs amounting to HKD 33,519,000[42] - The total remuneration for key management personnel during the six-month period was HKD 4,790,000, slightly up from HKD 4,752,000 in the previous year[23] Future Outlook and Strategic Initiatives - The group is focusing on customer loyalty through a pilot loyalty program with a designated customer, which will last for 12 months[36] - The company has not disclosed any new product developments or market expansions in this reporting period[56] - There are no updates on mergers or acquisitions as per the latest conference call[56] - The group has no significant capital commitments or investments beyond what has been disclosed[43] - No significant acquisitions or disposals occurred during the six-month period[45]

Financial Performance - The company reported revenue of HKD 285,106,000, an increase of 30.60% compared to the same period in 2023[1] - Gross profit rose to HKD 44,890,000, up 17.15% from HKD 38,318,000 in the previous period[1] - The company achieved a net profit of HKD 379,000 during the six-month period, compared to a loss of HKD 10,678,000 in the same period last year[2] - The company reported a basic earnings per share of HKD 0.15, compared to a loss per share of HKD 1.69 in the previous period[2] - The company reported a total comprehensive loss of HKD 3,437 for the six-month period ended June 30, 2024, compared to a loss of HKD 5,787 at the beginning of the period[7] - The company incurred a loss before tax of HKD 1,386 for the six-month period, compared to a loss of HKD 11,523 in the previous period[11] - Basic earnings per share for the six-month period were HKD 0.00146, compared to a loss of HKD 0.0169 in the previous period[27] - Operating loss narrowed significantly from HKD 13,329,000 in the first half of 2023 to HKD 3,126,000 in the current period[34] - The company reported a net profit margin of 12%, up from 10% in the previous quarter[52] Contracts and Revenue Growth - New contracts worth approximately HKD 310,000,000 were signed during the six-month period, representing an increase of over 60% compared to the previous period[1] - The group signed new contracts worth approximately HKD 310 million during the six-month period, with order volume increasing by over 60% compared to the previous period[30] - Total revenue from external customers for the six-month period ended June 30, 2023, was HKD 285,106, with contributions of HKD 107,501 from Mainland China and HKD 177,605 from Hong Kong and Macau[11] - The mainland China market accounted for nearly 50% of the order volume, primarily from two major clients in the internet value-added services sector[30] Assets and Liabilities - The company’s total assets amounted to HKD 392,267,000, an increase from HKD 367,303,000 at the end of the previous year[5] - Trade receivables decreased to HKD 128,588,000 from HKD 165,752,000[5] - The company’s equity attributable to equity holders of the parent was HKD 214,569,000, compared to HKD 216,771,000 at the end of the previous year[6] - The total equity attributable to equity holders of the parent company as of June 30, 2024, was HKD 207,091, down from HKD 209,815 at the beginning of the period[7] - Trade payables at the end of the reporting period totaled HKD 128,129 thousand, an increase from HKD 71,551 thousand, reflecting a growth of 79.0%[25] - Cash and cash equivalents decreased to HKD 40,266 thousand from HKD 48,269 thousand, a decline of 16.5%[28] Cash Flow and Investments - The net cash flow from operating activities for the six-month period was a negative HKD 56,636, compared to a positive HKD 53,585 in the previous period[8] - The net cash flow from investing activities for the six-month period was HKD 1,817, down from HKD 2,405 in the previous period[8] - The group generated a net foreign exchange income of HKD 161,000 during the six-month period[38] - The group has bank deposits of HKD 3,470,000 pledged as collateral for a performance guarantee related to a project in Hong Kong[38] Management and Operations - The main management personnel's remuneration for the six-month period was HKD 4,790,000, slightly up from HKD 4,752,000 in the previous year[18] - The group employed 147 staff members as of June 30, 2024, with total employee costs amounting to HKD 33,519,000[36] - The group’s operations are not affected by seasonal fluctuations[26] Strategic Initiatives and Future Outlook - The company is investing in new technology development, allocating $5 million towards R&D initiatives[52] - Market expansion plans include entering two new regions, which are projected to increase market share by 10%[52] - The company is considering strategic acquisitions to enhance its product offerings and market presence[52] - A new marketing strategy has been implemented, aiming to increase brand awareness by 30% over the next year[52] - New product launches are expected to contribute an estimated $30 million in revenue over the next six months[52] Shareholder Information - José Manuel dos Santos holds 357,945,500 shares, representing 58.10% of the company's issued share capital[39] - Keyman holds 22,952,500 shares, representing 3.73% of the company's issued share capital[40] - The major shareholders include ERL and OHHL, both holding 58.10% of the company's issued share capital[41] Dividend and Securities Transactions - The company did not recommend the payment of an interim dividend for the six-month period[1] - The company has adopted the GEM Listing Rules regarding the conduct of securities transactions by directors[46] - There were no purchases, redemptions, or sales of the company's listed securities during the six-month period[47] - The company has no significant future plans for major investments or capital assets[38]

Financial Performance - Total contract value reached HKD 597.3 million, the highest since 2015[9] - Total revenue increased by over 7% to HKD 528.1 million, with a profit of HKD 5.4 million for the year[9] - The total revenue for the group increased to HKD 528,066,000, a year-on-year growth of 7.43%[32] - The gross profit margin improved from 18.31% in 2022 to 20.16% in the current year, resulting in a gross profit increase of 18.25% to HKD 106,445,000[32] - The group's reported profit for the year is HKD 5,392,000, an increase from HKD 3,412,000 in 2022, despite a total impairment of HKD 3,909,000 related to additional tier 1 bonds held in CS Group and Kaisa Group Holdings Ltd[34] Dividends and Shareholder Returns - The company plans to pay a final dividend of HKD 0.01 per share, marking the tenth consecutive year of dividend payments[9] - The board of directors has proposed a final dividend of HKD 0.01 per share for the year[178] - The company reported a profit for the year, with total distributable reserves amounting to HKD 120,284,000, of which HKD 6,161,000 is proposed as the final dividend for the year[182] Market and Contract Developments - The company has become a partner for four out of six gaming operators in Macau, leveraging its experience in monitoring systems[11] - In Macau, the contract value increased significantly by 64.7% from HKD 265,700,000 in 2022 to HKD 437,600,000 in 2023[19] - The company secured new contracts worth HKD 191,300,000 in the fourth quarter, accounting for nearly 44% of the total contracts obtained from the Macau market for the year[19] - The total contract value obtained by the company in 2023 was HKD 597,300,000, representing an annual growth of approximately 4% compared to 2022[18] Operational Strategies and Management - The company aims to expand its product and service categories to meet customer needs and create value[11] - The company emphasizes prudent financial policies and operational cost control to adapt to changing economic conditions[13] - The company’s core business strategy is to pursue excellence and leverage new technologies for future applications[7] - The company has established R&D facilities in Shanghai and Jiangxi, with 24-hour service centers in mainland China[7] Corporate Governance and Compliance - The company emphasizes the importance of corporate governance and has adhered to the principles of the Code throughout the year[68] - The company has adopted the GEM Listing Rules regarding securities trading by directors, ensuring compliance with trading standards[68] - The company has established corporate governance policies and responsibilities for the board[80] - The company confirmed the independence of all independent non-executive directors[77] Environmental and Social Responsibility - The company generated approximately 130 tons of CO2 emissions annually from its largest office in Macau, while the Hong Kong office produced about 50 tons[118] - The company aims to maintain its CO2 emissions at current levels, focusing on energy consumption during office hours for lighting and air conditioning[122] - The company encourages the "Three Rs" (Reduce, Reuse, Recycle) to manage waste effectively and minimize environmental impact[113] - The company has implemented policies to mitigate risks associated with extreme weather events, which may affect logistics and equipment delivery[127] Employee and Workforce Management - The total workforce of the company as of December 31, 2023, is 150 employees, with 118 males and 32 females[138] - The employee turnover rate for the year is 9.80%, with a notable 17.39% for female employees[138] - The company emphasizes talent development, providing competitive employment benefits and promoting work-life balance through various leave policies[135] - The company has implemented energy efficiency measures, including the use of energy-saving lighting and appliances certified under the Energy Efficiency (Labelling of Products) Ordinance[128] Risk Management and Internal Controls - The management team identifies and assesses significant risks related to the group, including financial, operational, and compliance risks[100] - The company has no independent internal audit function currently, but plans to develop one after obtaining relevant ISO certifications[100] - The company continues to evaluate new business opportunities while maintaining prudent financial management[101] Community Engagement and Charitable Activities - The company has maintained a consistent focus on community investment, particularly supporting disadvantaged groups[172] - The company made charitable donations totaling HKD 295,000 during the year[183] Supplier and Customer Relations - The top five customers accounted for 53.65% of total sales, with the largest customer contributing 18.96%[186] - The top five suppliers represented 53.35% of total purchases, with the largest supplier accounting for 17.03%[186] - There are 27 major suppliers, with 9 in Macau, 13 in Hong Kong, and 2 in the United States[155]

Financial Performance - The total contract value reached HKD 597,300,000, a year-on-year increase of approximately 4% compared to 2022[2] - Total revenue grew to HKD 528,066,000, representing a year-on-year increase of 7.43% from HKD 491,567,000 in 2022[4] - Profit for the year was HKD 5,392,000, up from HKD 3,412,000 in 2022[4] - The gross profit margin increased from 18.31% in 2022 to 20.16% in the current year, reflecting a two percentage point rise[2] - The cost of goods sold for the group in 2023 was HKD 307,029,000, an increase from HKD 278,355,000 in 2022[28] - Employee benefits expenses, excluding directors' remuneration, social security, and retirement costs, amounted to HKD 69,147,000 in 2023, up from HKD 64,273,000 in 2022[28] - The group reported a tax expense of HKD 312,000 for the current year, compared to HKD 53,000 in the previous year[30] - The group reported a profit of HKD 5,392,000 for the year, compared to HKD 3,412,000 in 2022, despite a total impairment of HKD 3,909,000 on certain bonds[77] Contract and Revenue Details - The total contract value for Macau operations surged by 64.7% to HKD 437,600,000, driven by strong business momentum in the gaming industry[2] - The total value of contracts obtained in Hong Kong was HKD 42,700,000, a decrease of 9.0% from 2022[47] - The total value of contracts obtained from the Macau government and non-gaming vertical markets decreased by approximately 25%, from HKD 221,000,000 in 2022 to HKD 165,000,000 in 2023[67] - The group achieved new contracts worth HKD 191,300,000 in the fourth quarter, accounting for nearly 44% of the total contract value obtained from the Macau market this year[43] - The group secured approximately HKD 266,000,000 in information technology and monitoring contracts from four key gaming clients this year[45] - The total value of data network infrastructure contracts in mainland China was HKD 64,300,000, but this represented a decline of over 60% compared to the previous year[49] - The value of contracts for the software-defined wide area network business in mainland China was HKD 38,700,000, down over 38% from 2022[50] Dividend and Shareholder Information - The company proposed a final dividend of HKD 0.01 per share, marking the tenth consecutive year of dividend payments[2] - The proposed final dividend is HKD 0.01 per share, totaling HKD 6,161,000, consistent with the previous year's dividend[35] - The company does not guarantee the continuation of dividend payments in the coming years as it evaluates new business opportunities[59] Assets and Liabilities - The cash and cash equivalents, along with financial instruments, totaled HKD 84,244,000 as of December 31, 2023[2] - Non-current assets totaled HKD 69,557,000, down from HKD 79,467,000 in the previous year[8] - The total trade receivables for the group were HKD 165,752,000 in 2023, down from HKD 183,554,000 in 2022[39] - Contract liabilities and trade payables increased from HKD 134,356,000 on December 31, 2022, to HKD 182,050,000 on December 31, 2023, showing a rise in obligations[78] - The group’s total equity as of December 31, 2023, is HKD 209,815,000, with cash and cash equivalents totaling HKD 84,244,000[107] Accounting and Financial Reporting - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and the Companies Ordinance, with values presented in thousands of HKD[18] - The group has adopted the revised Hong Kong Accounting Standards, which do not have any significant impact on the financial statements for the year ended December 31, 2022[20] - Revenue recognition for customer contracts occurs when control of goods or services is transferred to customers, reflecting the expected consideration[21] - For contracts with variable consideration, the estimated amount is recognized at the contract's inception and is subject to constraints until uncertainty is resolved[22] - The group recognizes revenue for service sales generally on a straight-line basis over the contract term, which typically ranges from less than one year to three years[26] - The group confirms revenue based on the completion stage of contracts, ensuring that the total contract value can be reliably measured[24] - Deferred tax assets and liabilities must be recognized for temporary differences arising from transactions, with sufficient taxable profits required[20] - The revised standards clarify the distinction between changes in accounting estimates and changes in accounting policies, ensuring consistency in application[16] Market Outlook and Strategic Initiatives - The company plans to maintain a cautious outlook for the Hong Kong market in 2024 and beyond due to ongoing challenges[47] - Management emphasized the importance of prudent financial management, ensuring liquidity and flexibility to explore new business opportunities[79] - The current capital structure and available bank loans are expected to support the company in overcoming unexpected challenges[79] - The group has actively supported its major clients in establishing new data centers overseas, contributing to the rapid growth of the mainland China market since 2016[70] - The Macau government is exploring the long-term impact of the new ten-year gaming license on the local economy and tourism industry[66] Miscellaneous - The group does not fall under the regulatory scope of the OECD's Pillar Two framework, thus the related amendments do not impact the group[17] - The financial statements have been verified by auditors, ensuring consistency with the group's draft consolidated financial statements[110] - The group holds bonds amounting to HKD 2,748,000 from Hysan Development Company Limited and HKD 2,593,000 from Chuangxing Bank Limited, among others[107] - The group restructured its debt instruments with interest rates ranging from 0% to 2.5%[107] - The group wrote off HKD 2,471,000 of additional tier 1 bonds following the announcement by the Swiss Financial Market Supervisory Authority[107] - No shares were repurchased or sold by the company or its subsidiaries during the year[110]

Financial Performance - The company recorded a net profit of HKD 4,284,000 for the three-month period, while the net loss for the nine-month period narrowed to HKD 6,394,000[4] - The operating profit for the three-month period was HKD 3,376,000, while the nine-month period recorded an operating loss of HKD 9,953,000[5] - Basic earnings per share for the three-month period was HKD 0.76, while the nine-month period showed a basic loss per share of HKD 0.93[6] - The group reported a net profit of HKD 4,284,000 for the three-month period, narrowing the total net loss for the nine-month period to HKD 6,394,000[31] - The net profit for the three-month period decreased by 53.4% to HKD 2,114 million[53] Revenue and Contracts - Total revenue for the nine-month period reached HKD 332,442,000, representing an increase of 14.70% compared to the same period in 2022[15] - The group recorded total revenue of HKD 332,442,000 for the nine-month period, reflecting a growth of 14.70% compared to the same period in 2022[30] - New contracts obtained by the Hong Kong team during the nine-month period amounted to HKD 37,300,000, a decrease of approximately 40% compared to the same period in 2022[4] - The Macau team secured contracts worth HKD 121,800,000 during the nine-month period, up from HKD 37,400,000 in the same period last year[15] - The total contracts obtained from non-gaming customers during the nine-month period amounted to HKD 103,400,000, with over 74% coming from the Macau government[24] - The total engineering orders obtained during the nine-month period amounted to HKD 343,900,000, a decrease of approximately 25% compared to the same period in 2022[23] - The total order amount for the software-defined networking and data network infrastructure business in mainland China was HKD 81,300,000, down from HKD 206,600,000 in the same period last year[15] - The group signed contracts worth HKD 7,700,000 with various telecom service providers in Jiangxi, Hebei, and Shanghai during the three-month period[27] Market Conditions and Competition - The gross profit margin for the nine-month period was slightly below 20%, indicating pressure from increased market competition[30] - The company faced intensified competition in the managed services sector, impacting the performance of its software-defined networking business[25] - The group anticipates continued pressure on its gross profit margin across all business segments and operational markets due to competitive dynamics[30] Cash and Assets - The company's cash balance and financial instruments totaled HKD 105,182,000, accounting for 26.88% of total assets as of September 30, 2023[15] - Total equity as of September 30, 2023, was HKD 198,449 million, with cash and financial instruments totaling HKD 105,182 million, representing 26.88% of total assets[57] - The fair value of TTSA's investment as of September 30, 2023, was HKD 37,477 million, accounting for 9.58% of the group's total assets[54] Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the nine-month period[21] - The company did not recommend the payment of an interim dividend for the nine-month period to ensure sufficient operating funds[57] - Major shareholder Li Hanjian family holds 357,945,500 shares, representing 58.10% of total shares as of September 30, 2023[60] - No shares were repurchased or sold by the company or its subsidiaries during the nine-month period ending September 30, 2023[62] Expenses and Financial Challenges - Sales, marketing, and administrative expenses increased by 8.79% to HKD 72,183 million during the nine-month period[56] - The company faced foreign exchange losses due to the depreciation of the Chinese yuan, contributing to increased expenses[56] Other Developments - The group is closely monitoring developments regarding the conditional sale agreement with the East Timor government, involving a cash payment of HKD 42,627,000 and assuming liabilities exceeding HKD 122,789,000[28] - The backlog of orders increased by HKD 343,900,000 during the nine-month period, driven by strong demand for high-end routers and switches[30] - The total revenue from the gaming sector in Macau reached HKD 125,009 million for the nine-month period, approximately 58% of the pre-pandemic levels in 2019[49] - The company secured contracts worth HKD 121,800 million from various gaming operators during the nine-month period, a significant increase from HKD 37,400 million in the same period last year[49] - For the three-month period, TTSA recorded revenue of HKD 46,874 million, a slight decline of about 2% compared to the same period last year[53]

香港交易及結算所有限公司（在香港註冊成立的有限公司）及聯交所對本文件之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本文件全部或任何部分內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 VODATEL NETWORKS HOLDINGS LIMITED 愛達利網絡控股有限公司* （在百慕大註冊成立的有限公司） 股份代號：八○三三 三個月期間及九個月期間 業務及財務摘要 (cid:129) 由於二〇二二年的強勁訂單量，本集團於三個月期間錄得收益114,134,000 港元，令九個月期間的總收益達332,442,000港元，較二〇二二年同期增加 14.70% (cid:129) 三個月期間錄得純利4,284,000港元。本集團於九個月期間虧損淨額縮窄至 6,394,000港元 (cid:129) 憑藉大眾市場強勁及穩健復甦的勢頭，澳門團隊於九個月期間自不同博彩 運營商獲取價值121,800,000港元的合約，而二〇二二年同期則為37,400,000港 元 (cid:129) 受高利息環境及缺乏強勁增長驅動力的影響，香港團隊於九個月期間僅獲 得價值37,300,000港元的新合約， ...

Financial Performance - The group recorded revenue of HKD 132,909,000 for the three-month period, leading to total revenue of HKD 218,308,000 for the six-month period, an increase of 30.65% compared to the same period in 2022[5]. - The net loss for the six-month period amounted to HKD 10,678,000, with a near break-even result for the three-month period[5]. - The group experienced a gross profit of HKD 38,318,000 for the six-month period, compared to HKD 34,366,000 in the same period of 2022[7]. - Revenue from external customers for the six-month period reached HKD 218,308,000, an increase from HKD 167,088,000 in the same period last year, representing a growth of 30.6%[29]. - The company reported a total comprehensive loss of HKD 10,663 for the six-month period[23]. - The company reported a loss attributable to equity holders of the parent amounting to HKD 10,426,000, compared to a loss of HKD 3,156,000 in the same period last year[81]. - The net loss for the six-month period was HKD 10,678,000, more than double the loss from the same period in 2022[140]. Contracts and Orders - The Macau team secured contracts worth HKD 56,000,000 from various gaming operators during the six-month period, exceeding the total contract value of HKD 44,700,000 obtained in the entire previous year by over 25%[5]. - In Hong Kong, the total contract value for data network infrastructure reached HKD 17,900,000, representing 107% of the total contract value received in 2022[5]. - The total value of contracts obtained during the six-month period was HKD 204,000,000, representing a decrease of approximately 27% compared to the same period last year[83]. - The company secured contracts worth HKD 56,000,000 for monitoring and IT solutions, exceeding the total contract value of HKD 44,700,000 obtained in the entire previous year by over 25%[84]. - In Hong Kong, the team obtained new contracts valued at HKD 29,000,000, a decrease of 15.5% compared to the same period last year[87]. Cash Flow and Assets - Operating cash flow for the six-month period reached HKD 53,585, a significant increase from HKD 20,389 in the previous period[18]. - Net cash flow from operating activities was HKD 53,585, compared to HKD 20,409 previously[18]. - Cash and cash equivalents increased by HKD 24,444, rising from HKD 18,314 in the prior period[18]. - As of June 30, 2023, the company's equity base was HKD 194,165,000, with a net cash balance and financial instruments valued at HKD 84,050,000[5]. - Total non-current assets amounted to HKD 76,580, a decrease from HKD 79,467[21]. - Current assets totaled HKD 304,771, down from HKD 332,882[21]. - Total current liabilities were HKD 186,904, compared to HKD 203,056 previously[22]. - The net asset value after current liabilities was HKD 117,867, a decrease from HKD 129,826[22]. - Total equity stood at HKD 194,165, down from HKD 208,296[22]. - Cash and cash equivalents as of June 30, 2023, were HKD 48,269, compared to HKD 23,825 at the beginning of the period[21]. Financial Position and Equity - The company did not recommend the payment of an interim dividend for the six-month period[5]. - The company did not recommend the payment of an interim dividend for the six-month period ending June 30, 2022[34]. - Total equity as of June 30, 2023, was HKD 194,165,000, with cash and financial instruments totaling HKD 84,050,000, accounting for approximately 23% of total assets[141]. - The group has no external borrowings, maintaining a stable capital structure[124]. Management and Operations - Key management personnel compensation for the six-month period was HKD 4,752,000, slightly up from HKD 4,741,000 in the previous year[44]. - The group employed 150 employees as of June 30, 2023, with total employee costs amounting to HKD 31,139,000[126]. - The group’s expenses increased by approximately HKD 2,000,000 to HKD 48,282,000 due to various factors including foreign exchange losses and increased travel costs[120]. - The company has implemented training programs for marketing and technical staff to enhance their overall qualifications and keep pace with industry and technological changes[144]. Market and Competition - The company is facing ongoing pressure on gross margins across all business segments and operational markets due to fierce competition[139]. - Gross profit margins for the three-month and six-month periods decreased to 16.75% and 17.55% respectively, due to intensified competition[139]. Investments and Acquisitions - The group purchased property, plant, and equipment for HKD 126,000 during the six-month period, a decrease from HKD 889,000 in the same period last year[35]. - The group did not engage in any significant acquisitions or disposals during the six-month period[147]. - The company’s investment in TTSA had a fair value of HKD 37,477,000 as of June 30, 2023, representing 9.83% of the company's total assets[92]. Compliance and Governance - The financial report for the six-month period was prepared in accordance with Hong Kong Accounting Standards and has been reviewed by the audit committee but not audited[77]. - The company has adopted the GEM Listing Rules as guidelines for directors' securities trading behavior[168]. - There were no violations of trading standards during the reporting period[169]. - The management believes that providing quarterly updates and timely information on business developments is sufficient for the board to fulfill its responsibilities[167].

香港交易及結算所有限公司（在香港註冊成立的有限公司）及聯交所對本文件之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本文件全部或任何部分內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 VODATEL NETWORKS HOLDINGS LIMITED 愛達利網絡控股有限公司* （在百慕大註冊成立的有限公司） 股份代號：八○三三 三 個 月 期 間 及 六 個 月 期 間 業 務 及 財 務 摘 要 (cid:129) 承接二〇二二年的強勁訂單量，本集團於三個月期間錄得收益132,909,000 港元，令六個月期間的總收益達218,308,000港元，較二〇二二年同期增 加30.65% (cid:129) 三個月期間大致實現收支平衡，六個月期間的虧損淨額為10,678,000港 元 (cid:129) 於六個月期間，澳門團隊自不同博彩運營商獲取價值56,000,000港元的 合約，較二〇二二年全年獲取的合約總值44,700,000港元超過25%以上 (cid:129) 於香港，軟件定義廣域網絡業務及託管服務業務表現疲軟，但六個月期 間數據網絡基礎設施的合約總值仍達17,900 ...